Centene Corporation

CNC Healthcare Healthcare Plans

Centene Corporation’s revenue for fiscal 2025 (year ended December 2025) was $194.8 billion, up 19.4% from fiscal 2024.

Revenue
+1.93%
EPS
+99.0%
Free cash flow
−437.4%
Total debt
−11.6%

Quarter to September 2026, against a year earlier

69.74 4.43 −5.97%
Market cap
$36.7B
P/E
23.5×
Fwd P/E
17.4×
Dividend yield
—
F-score
5/9
Altman Z
2.64
Beneish M
−3.07
Dividend safety
n/a

Centene Corporation (CNC) Operating margin

Alert me on Operating margin

Centene Corporation's operating margin over the twelve months to 30 September 2026 was 0.49%, up 4.4 percentage points from fiscal 2025 (−3.91%). Over the past ten years it has ranged from −3.91% (fiscal 2025) to 3.11% (fiscal 2016) — the current reading is the lowest in ten years. That is below the Healthcare Plans industry median of 2.48% and above the Healthcare sector median of 0.00%.

Operating margin, annual

Embed this chart

Annual newest first

Period Operating margin Change (points)
FY2025 −3.91% (5.86)
FY2024 1.95% 0.05
FY2023 1.90% 0.99
FY2022 0.91% (0.51)
FY2021 1.42% (1.35)
FY2020 2.77% 0.38
FY2019 2.39% (0.04)
FY2018 2.43% (0.05)
FY2017 2.48% (0.63)
FY2016 3.11% 0.01

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 −0.61% (2.85)
Jun 2026 2.24% (1.49)
Mar 2026 3.73% 7.24
Dec 2025 −3.51% 10.48
43 more quarters

Against its own ten years

Low −3.91% High 3.11%
Ten-year median 2.39%
Current reading's percentile 12

Operating margin against peers

Company Operating margin
PGNY Progyny, Inc. compare 9.40%
OSCR Oscar Health, Inc. compare 5.36%
UNH UnitedHealth Group Incorporated compare 5.32%
ELV Elevance Health, Inc. compare 3.81%
CVS CVS Health Corporation compare 3.58%
CI Cigna Group compare 3.41%
HUM Humana Inc. compare 1.54%
CNC Centene Corporation 0.49%
MOH Molina Healthcare, Inc compare 0.39%
Healthcare Plans industry median 2.48%
Healthcare sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

More on CNC